Chinese Economy Picks Up Pace

By

Bob Davis

Updated Nov. 9, 2012 4:03 p.m. ET

BEIJING—China's economy is starting to accelerate after nearly two years of slowing growth, giving a lift to global economic prospects, although sustained growth may require a big change in Beijing's economic policies.

Industrial and consumer indicators released Friday suggested that China's economy strengthened in October, albeit modestly, the second month in a row to show positive results. Industrial production grew 9.6% in October...